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" It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players - exporters and importers, investors, borrowers, lenders. "

Elvira Nabiullina

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" I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term. "

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" The monetary policy instruments which Russia has at its disposal are pretty well developed. "

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" My view was that government officials could not sit on the board of the central bank, and I am very happy that has been upheld. "

Elvira Nabiullina

" In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth. "

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